External contractors for Hongkong International Terminals have agreed to pay an above-inflation 5.5 percent increase in basic salary for dockworkers in the coming year, averting a threatened strike that would have heaped further misery on the struggling port.
Kalmar's Shanghai factory delivers its 1,000th reachstacker to Wing Wah Container Depot Co., Ltd., Hong Kong
23 Apr 2015
Container shipping lines cannot get out of the large vessel arms race and excess capacity will be a permanent problem, according to Orient Overseas International Ltd. chairman Tung Chee Chen.
20 Apr 2015
Kerry Logistics has formed a strategic partnership with China’s state-owned rail operator as it begins to tap into Beijing’s One Belt One Road national trade strategy that was announced in March.
17 Apr 2015
China’s slowing exports put the brakes on runaway volumes at the world’s largest air cargo carrier in March as throughput on Cathay Pacific-Dragonair tumbled into the single digits after a robust start to the year.
16 Apr 2015
In the first two months of 2015, Chinese exports by value to Hong Kong, its second-largest trading partner, fell 6.5 percent year-over-year, while outbound shipments to Japan, China’s third-biggest receive of its exports, slipped 0.4 percent in the same period, according to statistics from Global Trade Information Systems, a sister company of JOC.com within IHS Maritime & Trade.
15 Apr 2015
Container throughput decline in Hong Kong plunged by double-digits in March when the port handled 13.5 percent fewer containers than during the same month last year, the government’s Port Development Council data shows.
15 Apr 2015
Cathay Pacific today became the latest airline to suspend the carriage of lithium ion batteries in bulk on both passenger and freighter aircraft until improved packing and shipping requirements can be developed.
10 Apr 2015
A sharp increase in first quarter imports helped Shanghai’s largest air freight terminal to yet another record and follows on from its best ever annual performance in 2014.
01 Apr 2015
AirBridge Cargo, the only Russian carrier in the Hong Kong market, will be the main beneficiary of fifth freedom traffic rights out of the city that were granted to Russian air freight carriers following a new round of bilateral talks that concluded last month.
01 Apr 2015
The decision by Orient Overseas International Ltd (OOIL) to order six 20,000-TEU ships was widely expected and comes just three weeks after fellow G6 Alliance member MOL ordered six mega-vessels of its own.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.